Ugandan OneCoin kingpin John Mwambusya arrested


The previous head of OneCoin recruitment in Uganda has been arrested.

The Felony Investigations Division arrested John Mwambusya on January thirtieth.

Mwambusya stands accused of stealing greater than $850,000 from over one thousand Ugandans.

Based on Ugandan authorities, Mwambusya (proper) ran his OneCoin enterprise by means of Crypto Bridge African Restricted.

Mwambusya, who additionally goes by Mwangutsya, seems to have joined OneCoin in late 2017, across the time founder Ruja Ignatova disappeared.

Mwangutsya and a workforce of OneLife “leaders” promoted OneCoin all through Uganda, earlier than disappearing themselves in 2020.

The CID intercepted and arrested Mwambusya as he was making ready to flee to neighbouring Rwanda.

As reported by The Observer;

Police at the moment are interesting to the victims of this alleged rip-off to return ahead and provides their testimonies to the CID headquarters that can assist in the prosecution of Mwangutsya for acquiring cash by false pretense.

Though police are going to prosecute the prime suspect, Twiine explains that it’s not straightforward for the detectives to get better such enormous sums of cash that was defrauded two years again.

Ugandan authorities seem to have begun investigating OneCoin and Mwambusya, following investor complaints filed in Could 2020.